The amount you need to save for a four-year college depends on factors like tuition, living expenses, and your specific college choice. On average, public colleges may cost around $10,000 to $30,000 per year, while private colleges can range from $30,000 to over $60,000 annually. To estimate your savings goal, multiply the total estimated cost by four and divide by the number of months until college starts to determine your monthly savings target. Be sure to also consider potential scholarships, financial aid, and interest if saving in a dedicated account.
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